Mercedes

Aug 2018


BankingRC

APRA a 'hear no evil, see no evil' regulator

20 August 2018 | Adele Ferguson

When Reserve Bank Governor Philip Lowe told parliament on Friday "sunlight is acting as a very good disinfectant here", it was a signal from one of the highest powers in the land that the royal commission is serving to strengthen the financial system not tear it down.


Investing

Ethics in banking? That's a negative

16 August 2018 | Ruth Williams

Counsel assisting the commission, Michael Hodge QC, centre.Financial institutions charging fees for no service. Banks charging dead people. AMP misleading the regulator. Super funds obscuring the truth from their members.


'Enormous challenge and change': Telstra posts 8.9% fall in profit

16 August 2018 | Jennifer Duke

Telstra chief Andy Penn has had a difficult year at the telecommunications company.Telstra chief executive Andy Penn has warned of "challenges" over the coming financial year, while posting a net profit decline of 8.9 per cent to $3.53 billion in fiscal 2018, as the rollout of the national broadband network (NBN) continues and mobile competition heats up.


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